Spain's bad loan ratio hits 13 pct in October

Spanish banks' bad debts as a percentage of total loans rose to 13.0% in October from 12.7% in September, marking a fresh record as credit fell again month on month, Bank of Spain data showed on Wednesday.

Households and companies are still struggling with debts even as Spain emerges from a prolonged recession, and banks have cut lending as they try to boost capital ahead of Europe-wide health checks next year.